Pay Back or WebMoney crediting

During the last several years virtual payment systems and Internet commerce have made a great bound forward. Now it is not necessary to go at the other end of the world and to stand in kilometer queues to pay for public utilities or to fund your mobile phone. You can simply run your favorite browser, click twice and everything is ok! It is just the minor part of the opportunities granted by the Internet and the developers are not going to stop launching new and new services every day.

One evening I was sitting at my computer feeling tired when suddenly phone rang. It was my younger brother. He was interested not in me or my health…. He began to ask me about Internet crediting and said that somewhere in forums he had found some suggestions like “I’ll take 200 WMZ on credit and will pay back 250 in 2 months” and had interested in them wanting to try. After this talk I decided to study this issue as it became VERY interesting…

Credit service of WebMoney exists about 2 years and during this time became very popular. And it is not strange. WM has organized a virtual site where the process itself takes place. Here gather creditors and borrowers and select partners and terms of transaction for themselves (WM likes to make a reality of nonstandard ideas, and all honors to them for this). On this site participants leave their offers and if somebody agrees the deal is made. WebMoney guarantees that only those people whose passport details are entered into system can take part in transactions. In other words to become a participant of system of crediting you need to get initial certificate (by the way it will cost you 10WMZ)

To create an order one should get “C” wallet. Then it is necessary to add the order for getting of credit and it will go to credit exchange where it can be chosen by any system participant. Order can be created both for individual crediting and for collective when credits can be given by several persons. As soon as the whole credit sum is completely collected money will be delivered to WMZ wallet, and debenture bonds the amount of which is specified in repayment documents will be delivered to “D” wallet.

If you want to give credit you should first of all create “D” wallet and then search for orders, interesting you that can meet your requirements.

Formalities are formalities, but there is a question – how much will credit use cost? The answer is – much, or better to say, too much. Interest rate can be compared to rates in hock-shops and ranges from 5 to 12%. At that experienced creditors assure that orders with rates less than 7% will hardly be noticed by anybody.

But there is also one interesting nuance: credit sum is practically not limited as it occurs in banks where nobody will give you any credit more than 6-7 thousand USD without security unless you’re VIP client. WM also makes some limits, so if you’re registered less than 1 year you won’t be able to get more than 3-4 thousand WMZ. But if you have good history of crediting you can get a sum 4 times more.

After a question on interest rates another important question suggests itself. “And what if they won’t give my money back?” In this case WebMoney system blocks borrower’s wallet and transfers from his account the necessary amount to creditor.

But everything is not always all right. What if the borrower’s wallet is empty? What to do then? In this case WM sends creditor the borrower’s passport details and he gets full authority to bring an action against the borrower. But even children understand that it sounds ridiculous.

What to do if parties of the agreement are the residents of different countries? A rare person will get down to this case. But it’s not the main problem. What to do if the borrower has submitted forged documents and disappeared…. In this case nothing is clear to do. Creditor most likely loses its money and WM blocks swindler’s account but to say the truth, this will hardly bring any joy. Here the phrase of one of the characters of Guy Ritchie picture will be suitable who has said something like this: “You think how to earn money and everybody around you thinks how to capture it”.

This question is vexed and open-ended question. On the one hand having trusting some amount for one year you can get 50% profit and it is a tidy enough sum. But will they give it back? There are the minimum guarantees. You can put the similar operation across via bank, but in this case it will be necessary to pay taxes – 15% of interests received.

In my opinion, first of all it is necessary to pay attention to credit organizations offering paid online services. Person interested in some merchandise who has entered Internet shop will probably quit it if he has no money in his WM wallet. And if there is an opportunity to take goods on credit, that parson will firstly make a purchase, and secondly, will trust your web-site. Crediting can become a keystone to success for beginning and developing resources. Crediting can help to attract customers and it doubtless. But is it worth giving credits via stock exchange? I wouldn’t run risks as the chances to be left deceived are too big.

As we can see WebMoney crediting has both advantages and disadvantages. As the advantages I would mark the following features: quick execution of credit (it will take you 1-2 days), minimum documents required, or it’s better to say only passport, and unlimited credit amount.

But disadvantages turn the scale. High rates at credit receiving and good chances to be deceived will frighten away many of potential customer. But it’s you who chooses.

…And to my brother I have advised to deposit money at a bank and not to be greedy. It’s better to have the lesser interest but to be sure that your money will not disappear.

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